Group backs Nigerian young entrepreneurs with N50m investment

Young Entrepreneurs of Nigeria (YEN) is empowering young entrepreneurs and women with the right business capacity, networking opportunities, funding insights, and donation of professional business website/domain name registration and web hosting services for free valued at N50 million.

YEN, who made this possible during the Youth and Women Empowerment Congress (YAWEC) 2017 summit, supports aspiring entrepreneurs to achieve their entrepreneurial dreams thus impacting extensively in the development of the Nigerian economy.

Speaking at YAWEC 2017 summit organised by YEN in Lagos, Ambode commended YEN for this laudable initiative, noting that this conscious effort to help grow and support aspiring young entrepreneurs and women in the SME sector in Nigeria would go a long way in ensuring growth and development including generating more revenue, which will positively impact the nation’s economy.

Williams said as a start-up, you need to build a rich people bank and partnerships to achieve huge success, saying, “If you want to go early as an entrepreneur, go alone but if you want to go far as a business, networking is critical in achieving this. Entrepreneurs are risk takers; they cease opportunities and never afraid to fail again to succeed.”

Ezeigbo, in his presentation titled ‘The secrets of building sustainable business brands,’ said “to grow a business as an entrepreneur, there is the need to have the right mentality, insurgent mission, fire and focus.”

He further noted that as an entrepreneur, one was left with either of two choices – to choose between competence and money.

“The strategy that aligns your company’s core competence becomes its competitive advantage. Every business must understand its business operational strength and capability. Passion without competence is a waste of time as an entrepreneur hence capacity and ability are critical as an entrepreneur to succeed. You can predict the future of your business by looking at the industry where you operate,” said Ezeigbo.

On his part, Chris Kohol, national president, YEN, pointed out that young people were great contributors and backbone of any top-notch economy on earth, hence YEN as a platform would selflessly and relentlessly continue to promote youth entrepreneurship development and healthy competition that would create jobs, economic prosperity, social wealth and security to enhance the development and growth of our Nigerian economy into a world-class one.

Kohol revealed that the objective for the congress was to empower youths and women with entrepreneurial capacity and also encourage entrepreneurship as a tool for sustainable development.